Examples of General Unsecured Creditor in a sentence
The Liquidation Trustee shall maintain a register of the holders of General Unsecured Creditor Interests and shall adjust, without further order of the Bankruptcy Court, the register from time to time as General Unsecured Claims that are Disputed Claims become Allowed.
Thereafter such transferee shall, for all purposes in accordance with the Claims Process Order, the Creditors’ Meeting Order, the CCAA and this Plan, constitute a General Unsecured Creditor and shall be bound by any notices given or steps taken in respect of such Claim in accordance with the Creditors’ Meeting Order and any further Orders.
For the purposes of considering and voting on this Plan and receiving a distribution hereunder, the Affected Creditors are grouped into one class, being the General Unsecured Creditor Class.
If a Disputed General Unsecured Creditor Claim is finally determined to be an Accepted Claim (in whole or in part), the holder of such Accepted Claim shall be deemed to have made the 75% Distribution Election hereunder, and shall be paid the amount to which it is entitled under this Plan by Coalspur rather than by the Monitor out of the General Unsecured Creditor Cash Fund.
Each holder of an Allowed General Unsecured Claim shall receive one or more Distributions equal to its Pro Rata share of the General Unsecured Creditor Interests as such Distributions become available as is reasonably practicable in the reasonable discretion of the Liquidation Trustee.